If a resource can be put to a single use and has no alternative ...

[Capo]

If a resource can be put to a single use and has no alternative uses then:
 a. economic rents are zero.
  b. transfer earnings are maximized.
  c. total earnings are zero.
  d. all earnings are economic rents.
  e. all earnings are transfer earnings.

Question 2

The imposition of a minimum wage in the unskilled labor market creates labor surplus or unemployment.
 a. True
  b. False
  Indicate whether the statement is true or false

[jgranad15]

Answer to Question 1

d

Answer to Question 2

True

[Capo]

Thanks for the timely response, appreciate it

[brbarasa]

Gracias!